Financial Tips
Unlocking Financial Potential: Best Accounting Packages
In the finance and accounting sector, online solutions are becoming more and more crucial for financial monitoring, employee training, and labour management. Managers, accountants, and company owners commonly utilise accounting software to streamline their operations.For certified public accountants (CPAs), who assess data, statistics, and transactions to ensure the accuracy and correctness of their work, this […]
Subhodeep
November 29, 2024 at 12:21 PM
Appealing the Cancellation of NBFC Registration
Introduction Cancellation of the registration of an NBFC is believed to have serious adverse implications for the financial institution. It has tremendous operational disruption, reputational damage, and financial losses. In case a notice of cancellation is received from RBI, the first step is to understand what options are available and appeal the same immediately. Reasons […]
Subhodeep
November 27, 2024 at 03:49 PM
Unlocking Investment Opportunities: The Role of Core Investment Company (NBFC)
The RBI Act of 1934 defines Non-Banking Financial Companies (NBFCs) as financial institutions that are companies; non-banking institutions that are companies and whose primary activity is the receiving of deposits under any scheme or arrangement or in any other manner; or any other non-banking institution or class of such institutions, as designated by the RBI […]
Nikita P
November 20, 2024 at 03:37 AM
Banks vs. NBFCs: A Comparative Analysis of Financial Institutions
All the necessities of life are provided by financial institutions. They affect not just people but also corporations and governments. The most reliable financial institutions for all financial requirements are non-bank financial Companies (NBFCs) and banks. But what distinguishes them from one another or what ties them together? Non-Banking Financial Companies (NBFCs) and banks are […]
Priyanka
November 19, 2024 at 12:00 PM
Credit Co-operative Societies in India
Introduction First of all , let’s see what is a cooperative society? When people come together to jointly serve their common interest, they form cooperative society i.e A cooperative society is a voluntary association of individuals who come together to achieve common economic, social, and cultural goals through a jointly owned and democratically controlled enterprise. […]
Priyanka
October 26, 2024 at 04:27 AM
Filling the Gap: How Your Small Finance Company Can Serve a Niche Market
Introduction The primary goal of establishing a finance company is to lend money to both individual and business clients. Small finance companies provide smaller-scale financial solutions to both people and companys. Basically, they serve those poor people who cannot access mainstream banking and financial services. From this, it follows that a Small Finance Company serves […]
Sarat
October 24, 2024 at 04:14 AM
A Guide to Choosing the Right NBFC Factor for Your Business
Introduction Non-Banking Financial Companies (NBFCs) are playing a bigger role in the Indian financial scene by acting as a conduit between traditional banking services and the diverse needs of Indian businesses and individuals. These specialist organizations greatly boost financial inclusion and foster innovation by offering services to markets that regular banks usually overlook, which in […]
Priyanka
October 23, 2024 at 04:54 PM
Insurance Marketing Firm In India
What do we understand about Insurance Marketing Firm ? A new route of distribution for soliciting or obtaining insurance products is the Insurance Marketing Firm. It distributes other financial products by hiring people who are authorized to promote, distribute, and provide customer service for these kinds of products. Marketing is essential for boosting client engagement, […]
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Sarat
October 18, 2024 at 05:04 AM
Assets Reconstruction Company
What is an Assets Reconstruction Company? A specialized financial company known as an asset reconstruction company purchases non-performing assets, or bad assets, from banks and other financial institutions, enabling the latter to improve their balance sheets. Put otherwise, the business of ARCs is purchasing substandard bank loans. Finance Minister Nirmala Sitharaman declared in the Union […]
Priyanka
October 16, 2024 at 05:55 PM
Insurance Company License
Obtaining an insurance firm license from the state insurance commissioner is a prerequisite for selling insurance products. Considerable changes have been made to the insurance industry as a whole with the establishment of the Insurance Regulatory Development Authority of India (IRDAI). In addition, other classifications of insurance enterprises, such as those offering life, fire, and […]
Priyanka
October 16, 2024 at 05:52 PM